Bitcoin held at Support, Preparing for Big Rally
Bitcoin after touching 9900s on 14th May didn't showed much selling pressure, and held at support area 9250-9500 level.
It is thus preparing for the bullish rally upto 12,000 mark if it succeeds in breaking 10,000 resistance level.
But if, it breaks below 9200 then it may even go below for deeper pullback before the long Rally
Trade Set-up: Almost Bullish
Analytics Strategy: Trend Continuation, Breakout Strategy
It is thus preparing for the bullish rally upto 12,000 mark if it succeeds in breaking 10,000 resistance level.
But if, it breaks below 9200 then it may even go below for deeper pullback before the long Rally
Trade Set-up: Almost Bullish
Analytics Strategy: Trend Continuation, Breakout Strategy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.